HALISTER1: China Oct. Industrial Prod, Retail, Fixed Assets Due in 10 Mins

China Oct. Industrial Prod, Retail, Fixed Assets Due in 10 Mins

(Bloomberg) -- China scheduled to release October industrial production, retail sales and fixed assets investments at 10am local time.
  • China Oct. industrial production y/y est. 6.2% vs prev. 6.1%
  • China Oct. industrial production YTD y/y est. 6.1% vs prev. 6%
  • China Oct. retail sales y/y est. 10.7% vs prev. 10.7%
  • China Oct. retail sales YTD y/y 10.4% vs prev. 10.4%
  • China Oct. fixed assets ex-rural YTD y/y est. 8.2% vs prev. 8.2%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Asian Currencies May Stay Weak Amid Rising U.S. Yields: FPG

Asian Currencies May Stay Weak Amid Rising U.S. Yields: FPG

(Bloomberg) -- Asian currencies are facing downward pressure as rising U.S. long-term rates mean a strong dollar and diminish the appeal of the region’s bonds, FPG Securities CEO Koji Fukaya says.
  • “It’s not Asian currency weakness, it’s the dollar strength amid rising U.S. yields on growing speculation about Trump’s reflationary policies,” Fukaya says
    • “U.S. yields have risen sharply, which would change the flow of capital and will probably continue to boost the dollar”
  • EM nations that have large dollar debt may see more downward pressure
  • Authorities are likely to intervene in the markets to slow the pace of decline, but they can’t change the direction: Fukaya
  • Thailand’s baht hits one-month low of 35.478 per dollar after record fund outflow from bonds on Nov. 11; South Korea’s won reaches weakest level since June 28 while Malaysia’s ringgit slumps 0.9%; Indonesia’s rupiah now down 0.5%
  • Related story: Treasury bears approaching 1-year pivot point
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Koji Fukaya (FPG Securities Co Ltd)

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UUID: 7947283

HALISTER1: MAJOR TECHS: Kiwi Lower After Quake; USD/JPY Holds 200-DMA Break

MAJOR TECHS: Kiwi Lower After Quake; USD/JPY Holds 200-DMA Break

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Consolidating breach of 200-DMA resistance
  • 3rd resistance: 108.52, 76.4% Fibo of May 30 to June 24 drop
  • 2nd resistance: 107.90, June 7 high
  • 1st resistance: 107.49, July 21 high
  • Spot: 106.86; pivot point: 106.77
  • 1st support: 105.53, Oct. 28 high
  • 2nd support: 103.20, 50-DMA
  • 3rd support: 102.95, 100-DMA
  • GBP/USD -- Capped below 100-DMA
  • 3rd resistance: 1.2903, 100-DMA
  • 2nd resistance: 1.2882, Nov. 14 high
  • 1st resistance: 1.2657, 50-DMA
  • Spot: 1.2571; pivot point: 1.2553
  • 1st support: 1.2207, Nov. 14 low
  • 2nd support: 1.2083, Oct. 15 low
  • 3rd support: 1.1841, Oct. 7 low
  • AUD/USD -- Consolidating around 100-DMA at 0.7592
  • 3rd resistance: 0.7849, May 2015 high
  • 2nd resistance: 0.7835, April 21 high
  • 1st resistance: 0.7778, Nov. 8 high
  • Spot: 0.7558; pivot point: 0.7446
  • 1st support: 0.7508, 200-DMA
  • 2nd support: 0.7442, Sept. 13 low
  • 3rd support: 0.7421, July 27 low
  • NZD/USD -- Consolidating drop below 100-DMA
  • 3rd resistance: 0.7403, Nov. 8 high
  • 2nd resistance: 0.7236, 50-DMA
  • 1st resistance: 0.7211, 100-DMA
  • Spot: 0.7110; pivot point: 0.7117
  • 1st support: 0.7069, Nov. 14 low
  • 2nd support: 0.7035, Oct. 13 low
  • 3rd support: 0.6952, July 21 low
  • USD/KRW -- Rising toward June high
  • 3rd resistance: 1,198.05, May 31 high
  • 2nd resistance: 1,188.50, June 27 high
  • 1st resistance: 1,169.13, July 6 high
  • Spot: 1,163.63 (close on Nov. 11); pivot point: 1,164.29
  • 1st support: 1,158.10, Nov. 10 high (breakaway gap)
  • 2nd support: 1,153.84, 200-DMA
  • 3rd support: 1,127.95, 100-DMA
  • USD/MYR -- Looking to close January gaps
  • 3rd resistance: 4.4285, Jan. 7 high
  • 2nd resistance: 4.3655, Jan. 21 low (breakaway gap)
  • 1st resistance: 4.3010, Nov. 11 high
  • Spot: 4.2945 (close on Nov. 11); pivot point: 4.2885
  • 1st support: 4.2242, Oct. 13 high
  • 2nd support: 4.1757, Nov. 3 low
  • 3rd support: 4.1542, 50-DMA
  • USD/SGD -- Testing February high
  • 3rd resistance: 1.4444, Jan. 11 and YTD high
  • 2nd resistance: 1.4336, Feb. 3 high
  • 1st resistance: 1.4159, Nov. 11 high
  • Spot: 1.4135 pivot point: 1.4129
  • 1st support: 1.3964, Oct. 27 high
  • 2nd support: 1.3923, Nov. 8 high
  • 3rd support: 1.3851, Nov. 9 low
  • USD/IDR -- Consolidating breach of 200-DMA resistance
  • 3rd resistance: 13,698, June 2 high
  • 2nd resistance: 13,589, June 3 low (breakaway gap)
  • 1st resistance: 13,545, Nov. 11 high
  • Spot: 13,288 (close on Nov. 11); pivot point: 13,340
  • 1st support: 13,242, 200-DMA
  • 2nd support: 13,188, Nov. 11 low
  • 3rd support: 13,121, 100-DMA
  • NOTE: Andrew Robinson is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Siemens Nears $4.5b-$4.6b Deal to Buy Mentor Graphics: Reuters

Siemens Nears $4.5b-$4.6b Deal to Buy Mentor Graphics: Reuters

(Bloomberg) -- Siemens nears deal to buy Mentor Graphics for $4.5b-$4.6b cash, Reuters reports, citing unidentified people familiar.
  • Deal could be announced as soon as Monday
  • Siemens and Mentor Graphics couldn’t immediately be reached for comment: Reuters
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SIE GR (Siemens AG)
MENT US (Mentor Graphics Corp)

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UUID: 7947283